please answer both :)

Whief of the follewing statements sbout ifsparment of tong tarm assets io talde? Question 7 Giron Company has 2,000 units of inventory on hand with a unit cost of $200 and a net realizable value per unit of $175. Whut journal entry should Giron Company record to write down inventory under the LCM rule? Debit cost of goods sold for $50,000 and Credit inventory for $50,000. No write down of inventory is required in this scenario. Debit impairment expense for $50,000 and Credit inventory for $50,000. Debit inventory for $50,000 and Credit impairment for $50,000